sasha_morozov

Possible reversal H&S forming (NEO)

Long
BITTREX:NEOUSDT   Neo / Tether
The market broke through the local downtrend and, probably, reversal Head&Shoulders pattern forming.
Local swing high is approximately 43, I think it is a good point to enter.

Someone very large entered the market, the biggest candle is seen on the chart.

And some fundamental support: NEO has 3 meetings in the next few days. One of them is with Microsoft.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.